Home Economy Xi to address WEF, offer Chinese solution to pandemic-fraught world economy

Xi to address WEF, offer Chinese solution to pandemic-fraught world economy

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Chinese President Xi Jinping will attend the 2022 Davos World Economic Forum Virtual Session and deliver remarks from Beijing via video link on Monday.

Observers said that as the world is once again at the crossroads dealing with COVID-19, China, with its contributions to global prevention of the COVID-19 and stable economic development, could offer indigenous approaches and wisdom in not only recovery but also resisting erosion of protectionism and unilateralism. 

At the invitation of Klaus Schwab, founder and executive chairman of the World Economic Forum, Xi will attend the event on Monday, Foreign Ministry spokesperson Hua Chunying announced Friday. 

The Davos Agenda virtual event will take place from January 17 to 21, featuring heads of state and government, CEOs and other leaders to discuss critical challenges. The event marks the launch of several forum initiatives including efforts to accelerate the race to net-zero emissions, ensure the economic opportunity of nature-positive solutions, create cyber resilience, strengthen global value chains, build economies in fragile markets through humanitarian investing, bridge the vaccine manufacturing gap and use data solutions to prepare for the next pandemic, according to a release from the official website. 

Against the rampant spread of the Omicron variant globally, the world is once again standing at the crossroads. And while world leaders gather to discuss global challenges, they eagerly want to hear from China on how the world can work together to fight the COVID-19 pandemic, how to boost the global economy and narrow the development gap, and the development of China’s economy, Su Xiaohui, deputy director of the Department for International and Strategic Studies of China Institute of International Studies, told the Global Times. 

Su noted that previously, Chinese leader’s remarks at Davos forums always helped dispel clouds and offer Chinese approaches and wisdom. In 2017, President Xi’s speech, which stressed China’s openness to the world, bolstered global confidence in globalization and the future. 

In 2021, while the world was still fighting the coronavirus and threatened by protectionism, President Xi also delivered stern repudiation in many important multilateral issues of bullying tactics, ideological prejudice and hatred as well as economic decoupling and sanctions, which he warned could push the world into division and confrontation, and offered an inclusive multilateral approach that would guide the world out of darkness. 
GLOBAL TIMES

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